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Electronic Payments

Streamline accounts payable and receivable.

Simplify the business of being in business.

In today’s fast-paced world, you need tools that can keep up with the speed of your business. Stretch your cash flow cycle and make payments on time with electronic tools that enhance and simplify your tax payments, and accounts payable and receivable transactions.
Perfect for you if:
  • You receive or make recurring payments.
  • You want to reduce costs.
  • You have multiple bank relationships.
  • You would like to reduce the risk of check fraud.

Collections & Drafts

Electronic Collections are ideal for recurring receivables such as insurance, leases, loans, utilities, subscriptions and membership fees. Your customers authorize an electronic debit, and those funds are electronically transferred to your First Bank account on the specified date. The system can also be used to easily manage multiple accounts at different banks.

Benefits

  • Can reduce costs
  • Maximize your investment potential to increase earnings
  • Submit transactions directly via our online banking system
  • Save customers time with recurring payments

Everywhere Electronic Payments

Electronic payments can be used to disburse funds such as direct deposit of payroll, expense reimbursement, royalty or vendor payments.1

With Everywhere Electronic Payments, you maintain control of available funds until the moment you need them to cover disbursements; while also reducing the time and expense of writing, processing and reconciling checks. The items are processed automatically, and the payees’ accounts are funded by a single debit to your First Bank account.

Benefits

  • Can reduce expenses
  • Eliminate costs associated with a paper-based payment system
  • Reduce check fraud losses
  • Submit transactions directly via our online banking system

Electronic Tax Payments

First Bank makes it easy and convenient to pay federal, state and many local business taxes online, while staying compliant with IRS Electronic Federal Tax Payment System (EFTPS) requirements.

We specialize in your business.
Whether you’re a startup or big business, First Bank offers solutions perfectly suited to your financial needs. See how we can support your business goals.
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How we work
Together
At First Bank, you’ll enjoy one-on-one attention and comprehensive support from our entire team of business experts. You aren’t just another number in a database — you’re a partner. You’ll also learn firsthand how powerful an independent bank can be — capable of delivering everything big banks can, without being a big bank.
Let’s have a conversation
Have questions about this service? Contact us today.
  1. Subject to credit approval.

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